U.S. dollar market of Kazakhstan: day results
/IRBIS, Sergey Yakovlev, Andrey Tsalyuk, August 29, 06/ - Following is the table of major indicators of Kazakhstan market of U.S. dollar by the day results. The rate is given in tenge per dollar, volume - th. USD. Trends are shown relative to corresponding figures of previous trading day.
Results of trades on Kazakhstan stock exchange (KASE)
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Instrument USD TOD USD TOD USD TOM
KASE's session Morning Day Evening
Time 10:15-11:00 ALT 11:30-16:00 14:00-17:00
--------------- -------------- -------------
Indicator value trend value trend value trend
---------------------- ------- ------ ------ ------ ------ -----
Opening rate 125.50 +0.30 125.25 -0.04 - -
---------------------- ------- ------ ------ ------ ------ -----
Maximum rate 125.50 +0.24 125.28 -0.01 - -
Volume on max. price 5 -45 380 -120 0 0
---------------------- ------- ------ ------ ------ ------ -----
Minimum rate 125.00 -0.20 125.17 +0.04 - -
volume on min. price 5 -11395 300 -200 0 0
---------------------- ------- ------ ------ ------ ------ -----
Closing rate 125.24 -0.01 125.22 0 - -
Weight. aver. rate 125.24 +0.01 125.24 +0.01 - -
Volume of the session 41855 -37195 51480 -13570 0 0
Number of deals 123 -68 162 +32 0 0
Number of participants 21 0 19 0 0 -1
---------------------- ------- ------ ------ ------ ------ -----
Best bid* 125.24 -0.01 125.22 +0.01 - -
Best ask* 125.25 -0.01 125.24 +0.01 - -
---------------------- ------- ------ ------ ------ ------ -----
REUTERS Bid* 125.21 +0.04 125.13 -0.02 125.17 +0.10
REUTERS Ask* 125.27 +0.04 125.24 +0.04 125.23 +0.04
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* at closing of the session on KASE, out of stock exchange - by the
data of REUTERS
Table of price levels of trading in US dollar on KASE on TOD terms
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Total by results of the day:
Morning Day ----------------------------
session: session: time (ALT):
Price ------------- ------------- ------------
level volume deals volume deals volume deals from to
------ ------ ----- ------ ----- ------- ----- ----- -----
125.50 5 1 5 1 10:15 10:15
125.28 380 2 380 2 11:48 11:48
125.27 1645 5 1645 5 11:47 15:14
125.26 8100 21 7500 21 15600 42 10:37 15:14
125.25 8300 19 13150 40 21450 59 10:17 15:20
125.24 14345 40 7555 20 21900 60 10:17 15:24
125.23 5800 20 4300 18 10100 38 10:16 15:06
125.22 5000 19 7200 22 12200 41 10:20 15:29
125.21 300 2 3900 12 4200 14 10:20 15:28
125.20 2850 10 2850 10 14:10 15:05
125.19 2100 9 2100 9 14:11 14:20
125.18 600 2 600 2 14:11 14:13
125.17 300 1 300 1 14:14 14:14
125.00 5 1 5 1 10:15 10:15
------ ------ ----- ------ ----- ------- ----- ----- -----
TOTAL 41855 123 51480 162 93335 285 10:15 15:29
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Parameters of unsatisfied demand and supply of second tier banks in KASE' trade system for the last 5 days (total of valid bids by the time of morning and day trades closing, th. USD)
--------------------------------------------------------------------------- Indicator Aug. 23, 06 Aug. 24, 06 Aug. 25, 06 Aug. 28, 06 Aug. 29, 06 ---------- ----------- ----------- ----------- ----------- ----------- Offer 14,600 12,800 16,200 16,000 11,950 Bid 12,600 28,100 18,300 50,170 45,050 ---------- ----------- ----------- ----------- ----------- ----------- Difference -2,000 +15,300 +2,100 +34,170 +33,100 ---------------------------------------------------------------------------
The morning session gave an impression of the market-overheating syndrome to IRBIS analysts, and which was not mistaken. The market did not reach the morning maximums at the day session and was inclined to turn downwards. Not only balanced disposition of banks on KASE by the day results, not only the ratio of indicators of unsatisfied demand and supply (see the third table), but also the rate's dynamic gives evidences of that factor. Immediately after 14:00 (p.m.) dollar started to lose points. However, the market was not allowed to collapse. USD rate at the final phase of the day trades was practically pushed to the stage of the morning session's closing, bringing the feeling of the stability of American currency's position.
The day results allow to confirm the fact that the second try of second tier banks to test the market within the main tendency has not been successful yet. Although, it cannot be excluded that this attempt will be retried by bigger offer of USD after the holiday. The market is exhausted by rally, formed by the effect of the local factors in the face of the rate-forming vectors.
Results of the technical analysis previously do not bring clear interpretation.
IRBIS analysts are inclined to consider that currently more possible output of August rally at Kazakhstan USD market will be the stabilization of the rate and the turn of the market aside at stages, of which National bank are aware.
[2006-08-29]